LALPATHLAB
Dr. Lal Path Lab Strong Bullish Momentum, Eyeing ₹3600On the weekly chart, Dr. Lal Path Lab stock is exhibiting a strong bullish trend, with solid upward momentum pushing the stock higher. Based on multiple RSI indicators, the stock remains above 60, signaling continued strength in the trend and positive buying pressure.
Key Technical Insights:
The stock is currently in a bullish phase and has broken key resistance levels, suggesting that it could continue its upward movement.
₹3249 is a major support level, providing a cushion for any potential short-term corrections and helping maintain the bullish bias.
Considering all technical indicators, the stock stands out as an excellent candidate for swing trading, with an expected target of ₹3600 during the October expiry.
Market Sentiment:
While the technical outlook for Dr. Lal Path Lab is highly favorable, a few external market factors could impact its trajectory:
Ongoing Middle East tensions may create volatility in global markets, including India.
FII outflows from the Indian stock market add an element of risk, as foreign investors are pulling back due to global uncertainties.
Conclusion:
Dr. Lal Path Lab presents a strong swing trading opportunity, with a target of ₹3600 in October. Despite broader market risks like geopolitical concerns and foreign investor outflows, the stock’s technical strength makes it a promising pick in the current environment.
Disclaimer: This is for educational purposes only and not financial advice. Please do your own research before making any investment decisions.
Future of Dr Lal Pathlabs Ltd.Dr. Lal PathLabs Limited is one of Bharat’s leading consumer healthcare brand in diagnostic services. The share price is currently 42% down from its lifetime high. It is constantly earning profit and has reduced its debt in the past few years. the company is also maintaining a healthy dividend yield. Promoter has not pledged their shares. So it is a good buy currently as the whole market is at a premium valuation and such gems are hard to find which are 42% down from lifetime high. Good for Investment purpose.
Note- Do your own analysis before investing
Lalpathlab - Elliott Wave CountLalpathlab - Elliott Wave Count
the market seems its on the wave B with the target of near 3000 range and the we can expect big reversal of wave C downside. wave B high will be SL of the short trade.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:LALPATHLAB NSE:LALPATHLABZ2023 BSE:LALPATHLAB
LALPATHLAB - Stock AnalysisDr. Lal Pathlabs Ltd. presents a mixed technical and fundamental profile, with some bullish and bearish signals, making it an interesting company for investors to watch.
From a technical perspective, the HighLow indicator is "Strong Bullish," suggesting that the stock is near a one-year high and likely to make a new high. The one-day analysis is "Bullish," with the latest tick showing a strong price rise, though caution is advised to keep an eye on the volume. The Parabolic SAR (PSAR) is "Bullish" with a bullish crossover, while the HighLowMABand indicates "Strong Bullish" sentiment with a positive breakout pattern.
However, the MACD (Moving Average Convergence Divergence) is "Strong Bearish," as it has experienced a bearish crossover with the signal line and a zero-line crossover. Additionally, there are indications of MACD Divergence at long-term top price points on October 16, 2023, and July 27, 2023. The Supertrend is "Strong Bearish," trending downwards.
On the positive side, daily candlestick patterns and chart patterns, including Long-Term and Medium-Term Ascending Triangles, are "Strong Bullish," providing some technical support.
From a fundamental perspective, Dr. Lal Pathlabs Ltd. has notable strengths. The company has shown tremendous growth in its Book Value over the last three years and has an impressive Piotroski F Score of 8.0, indicating excellent financial health. There's also excellent quarter-over-quarter (QoQ) FY EPS growth, and the company is earning an excess return.
Furthermore, the company's Net Profit has been consistently increasing for the last five quarters, and the same goes for Profit Before Tax, indicating strong operational performance. There has been steady growth in EPS over the last four quarters. The company also maintains a good Return On Capital Employed of 12.67% and a solid Return on Equity of 16.61%. Additionally, it boasts a good Net Margin of 12.84%.
However, Dr. Lal Pathlabs Ltd. offers a very low dividend yield of 0.760%, suggesting a preference for reinvesting profits for growth.
On the sales and asset side, there is a positive trend, with quarterly sales over the last five years showing an upward trajectory and a steady increase in Total Assets over the last three years, reflecting the company's consistent growth and financial stability.
In conclusion, Dr. Lal Pathlabs Ltd. presents a complex profile, with some bullish technical indicators but significant bearish signals. However, the company's strong fundamentals, including solid financial health and consistent growth in various aspects, make it an intriguing investment option. Investors should closely monitor both technical and fundamental developments for a comprehensive understanding of the stock's potential.
Go Long above 2479.95/2499
Stop Loss 2287
LALPATHLABNSE:LALPATHLAB
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
LALPATHLAB - Volume Breakout, Strong Reversal PossibilityLALPATHLAB has recently experienced a volume breakout, with a support level at 1966/1888. There is a strong possibility of a reversal in the near future, with possible targets to be determined.
This stock is definitely one to keep on your watchlist as there is potential for further upward movement,
LALPATHLAB : Weekly SupportLALPATHLAB is trading near weekly FLIP support zone, it is major support zone for any charts.
1865 is good level for expecting change the trend and good entry point with best R:R. Do you analysis before entering any trade.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
#LALPATHLAB #MOREPENLAB #IPCALAB #DIVISLAB #VIMTALAB #LAURUSLABS#LALPATHLAB
NSE: LALPATHLAB
CMP: 2345
TP: 3075
SL: 2100
TF: <6m
RR > ~3 times
Return > 30%
THYROCARE CNXPHARMA LUPIN SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS ZYDUSWELL MAXHEALTH BAJAJHCARE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
#vimtalabs #ipcalab #lauruslabs #lalpathlab #guficbio #alkem#VIMTALABS
NSE: VIMTALABS
CMP: 461
TP: 560
SL: 410
TF: <6m
RR > 2 times
Return > 22%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
LALPATHLAB - MY STUDY 📊 Script: LALPATHLAB
📊 Nifty50 Stock: NO
📊 Sector: Health Service, Medical/Nursing Services.
This stock pick is according to my study. I have use 4 indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
📈 Stock is trading at upper band of BB.
📈 There is MACD crossover.
📈 RSI is around 66.
📈 There is crossover of double moving average.
🟢 Target 🎯🏆 - 2450
⚠️ Stoploss ☠️🚫 - 2216
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
LALPATHLABThis stock has recently formed a double top pattern, which is a bearish sign, and also near mediun of depth of same pattern, so if it brokes 3600 levels than we can say that another doors have been opened towards south direction, or we can say towards previous swing lows near 3312. One can go short only below 3600 levels with stop loss of hourly closing above 3642.
All the key levels are mentioned in chart with Stop-loss and Targets.
Key Levels are Mentioned on chart
Overall scenarios
Macd in daily negative crossover
Macd in hourly negative crossover
Rsi in hourly below 40
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing